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Asset Summary – Friday, 13 February US DOLLAR faces a mixed outlook, showing stability around the 97 level as inflation data suggests potential Federal Reserve rate cuts later in the year. While softer inflation reinforces expectations for these cuts, a strong labor market with rising payrolls and a falling unemployment rate…
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Crude oil futures are trending downwards, driven by concerns of a significant oversupply in the market and weakened demand forecasts. A sharp selloff across financial markets also contributed to the downward pressure on prices. Diplomatic efforts regarding Iran are reducing the immediate risk of supply disruptions. WTI crude oil futures fell…
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Gold experienced volatility, rebounding after a significant drop, influenced by US inflation data and Federal Reserve policy expectations. The precious metal remains below $5,000, with traders closely watching economic indicators for future direction. Gold rose towards $4,990 per ounce after a prior selloff driven by broad market risk aversion. Softer-than-expected US…
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The Nikkei 225 experienced a significant downturn, falling 1.21% to close at 56,942, mirroring losses on Wall Street and driven by concerns surrounding the sustainability of AI capital expenditures. The broader Topix also declined, retreating from record highs. Despite this pullback, both benchmark indexes managed to end the week with gains,…
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The DAX traded slightly lower on Friday, mirroring global market caution ahead of a key US inflation report. Concerns surrounding high investments in artificial intelligence also weighed on investor sentiment. The ongoing earnings season remained a focal point for traders, contributing to the overall cautious atmosphere. The DAX traded slightly below…
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The FTSE 100 saw a slight increase on Friday, recovering from a previous decline. This uptick was fueled by rebounds in stocks that had been under pressure, as well as gains in the banking and mining sectors. Positive news surrounding specific companies and sectors contributed to the overall positive movement, while…
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US equity futures tied to the Dow Jones showed little movement on Friday as the US inflation rate didn’t significantly deviate from expectations. This followed a period of selling pressure, particularly impacting AI-related companies. The market is currently factoring in the likelihood of multiple rate cuts by the Federal Reserve later…
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The Australian Dollar is trading near three-year highs, buoyed by a hawkish stance from the Reserve Bank of Australia (RBA) and persistent inflation. The RBA has indicated readiness to raise rates further if inflation remains high, a sentiment echoed by multiple officials. While recent Australian economic data has been reassuring but…
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The Canadian dollar has weakened against the US dollar, retreating from recent highs, due to a combination of factors including stronger US economic data, a widening US-Canada yield differential, and weaker Canadian economic figures. The shift has led to capital flowing back into the US dollar, further impacting the Canadian dollar’s…
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The Japanese Yen has strengthened, achieving its best weekly performance since November 2024, despite some slippage against the dollar. Support stems from Prime Minister Takaichi’s election victory and anticipated fiscal expansion, as well as Bank of Japan (BoJ) member comments hinting at further monetary tightening. However, all eyes are on the…
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The British Pound is under pressure, hovering around the $1.36 level, due to weaker-than-expected UK economic growth figures and political uncertainty. Investors are pricing in further monetary easing from the Bank of England, contributing to the Pound’s struggles. The currency pair is awaiting US consumer inflation figures for fresh impetus. UK…
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The euro is trading near the $1.19 level, with investors awaiting the US CPI release for further direction. Stronger-than-expected US jobs data has dampened expectations of a near-term Federal Reserve rate cut, supporting the dollar and limiting the euro’s gains. The European Central Bank’s seeming indifference to the euro’s recent appreciation…
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Market conditions show the dollar index holding steady around 97 after softer inflation data. Expectations for Federal Reserve rate cuts later in the year are influencing the market. Recent strong US payroll data and a falling unemployment rate suggest a stabilizing labor market, while the dollar is set to decline against…
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Asset Summary – Thursday, 12 February US DOLLAR’s value is showing signs of stability and potential strength. Positive US labor market data, including a significant increase in nonfarm payrolls and an unexpected drop in the unemployment rate, is bolstering the dollar. This data has reduced expectations of near-term Federal Reserve rate…
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Oil prices are experiencing upward pressure due to geopolitical tensions between the US and Iran, countered by concerns about rising US crude inventories and potential global surpluses. While the market is attentive to potential military actions impacting supply, data indicates a significant increase in US crude stocks, which may limit further…
